Talk to our Consultant - Tire Chemicals Market Size, Share & Growth Report, 2030

Global Tire Chemicals Market Research Report: Forecast (2025-2030)

Tire Chemicals Market Report - By Application Type (Automobile Tires, [Passenger Car, Two & three Wheeler, LCV, M & HCV, OTR], Others (Aircraft Tires, Marine Tires, etc.)), By Chemical Type (Rubbers,... ... ical Type (Rubbers, [Natural Rubber, Synthetic Rubber], Antioxidants, [Amine Antioxidants, Phenolic Antioxidants, Heterocyclic Antioxidants], Antiozonants, Fillers, [Carbon Black, Silica], Vulcanization Chemicals, [Sulphur, Zinc Oxide]) and Others Read more

Chemicals
Oct 2024
Pages 221
Report Format: PDF, Excel, PPT

Market Definition

A mixture of chemicals is used in the production process and throughout the whole life cycle of tires, including rubbers, antioxidants, fillers, antiozonants, and vulcanization chemicals. The use of tire chemicals prevents the tires from breaking down due to exposure to oxygen or temperature variations, enhances the performance of tires against wear & tear, improves rolling resistance, and reduces the effect of ozone on the surface of tires.

Market Insights & Analysis: Global Tire Chemicals Market (2025-30):

The Global Tire Chemicals Market size is valued at around USD 80 billion in 2024 and is projected to reach USD 110 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5 % during the forecast period, i.e., 2025-30. The Global Tire Chemicals Market is driven by the expansion of production of passenger cars, two-wheelers, and demand for LCV and M & HCV. The total global production of automobile vehicles in 2023 was approximately 93.54 million units showing an increase of 10% from the 84.83 million units in 2022, according to the facts from OICA. Thus, the growing automobile units are projecting the growth prospects for tire production and tire chemicals manufacturing companies.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value 2030	USD 110 Billion
Market Value in 2024	USD 80 Billion
CAGR (2025-30)	4.5%
Leading Region	Asia-Pacific
Top Key Players	Birla Carbon, Von Bunditt Company Ltd., Cabot Corporation, Sinochem International, Evonik Industries AG, Phillips Carbon Black Limited, Eastman Chemicals Company, Sumitomo Chemical Company Limited, Orion Engineered Carbon S.A, Lanxess AG, BASF, Solvay SA/NV, ExxonMobil Corporation, Emery OleoChemicals, Arkema Chemicals Pvt. Ltd., and others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Further, the condition of roads is deteriorating due to the degrading surface quality, use of rough and loud concrete & asphalt, and differing frost heave. It increases the replacement demand for tires. On the other hand, the development of expressways is increasing the average speed of vehicles on these roads. Therefore, to deal with the growing pressure due to the increased average speed, there will be the requirement to change the specification of tires, ultimately raising the demand for tire chemicals.

Moreover, the irregular extreme weather events across the globe such as the occurrence of heatwaves in India, rain & floods in Brazil, rains in the UAE, floods in Kenya, and South China floods are impacting the working of tires. Thus, the rising climatic variations will require more specialized tire chemicals to reduce the risk of breaking down or wear & tear of tires during extreme heat or exposure to oxygen. Also, the fleet of more than 1.4 billion passenger cars across the globe in 2024 requires the replacement of old tires.

The promotion of electric vehicles is also expected to boost the market in the upcoming years, by creating the need for special chemicals to be used in the tires of electric vehicles. In 2022, electric passenger cars held a 10% share in the passenger car market, in 2023 which has risen to a 20% share in the overall passenger car market, as stated by the IEA. In 2023, the number of electric cars sold is approximately 14 million units. Along with passenger cars, the number of electric three-wheelers, which were newly registered in 2023 increased by 30% to 929,000 units, from the initial 709,000 units in 2022. Thus, growth in the electric vehicles fleet will ultimately create the demand for tire chemicals in the EV industry.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Tire Chemicals Market Supply Chain Analysis
Global Tire Chemicals Market Dynamics
1. Growth Drivers
2. Challenges
Global Tire Chemicals Market Policies and Product Standards
Global Tire Chemicals Market Trends & Insights
Global Tire Chemicals Market Hotspot & Opportunities
Global Tire Chemicals Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type
    1. Automobile Tires- Market Size & Forecast 2020-2030, Thousand Tons
      1. Passenger Car- Market Size & Forecast 2020-2030, Thousand Tons
      2. Two & three Wheeler - Market Size & Forecast 2020-2030, Thousand Tons
      3. LCV - Market Size & Forecast 2020-2030, Thousand Tons
      4. M & HCV - Market Size & Forecast 2020-2030, Thousand Tons
      5. OTR - Market Size & Forecast 2020-2030, Thousand Tons
    2. Others (Aircraft Tires, Marine Tires, etc.)- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type
    1. Rubbers- Market Size & Forecast 2020-2030, Thousand Tons
      1. Natural Rubber- Market Size & Forecast 2020-2030, Thousand Tons
      2. Synthetic Rubber- Market Size & Forecast 2020-2030, Thousand Tons
    2. Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
      1. Amine Antioxidants - Market Size & Forecast 2020-2030, Thousand Tons
      2. Phenolic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
      3. Heterocyclic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
    3. Antiozonants- Market Size & Forecast 2020-2030, Thousand Tons
    4. Fillers- Market Size & Forecast 2020-2030, Thousand Tons
      1. Carbon Black- Market Size & Forecast 2020-2030, Thousand Tons
      2. Silica- Market Size & Forecast 2020-2030, Thousand Tons
    5. Vulcanization Chemicals- Market Size & Forecast 2020-2030, Thousand Tons
      1. Sulphur- Market Size & Forecast 2020-2030, Thousand Tons
      2. Zinc Oxide- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific- Market Size & Forecast 2020-2030, Thousand Tons
  4. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
North America Tire Chemicals Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
4. Canada Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
5. The Mexico Tire Chemicals Market Outlook, 2020--2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
South America Tire Chemicals Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
4. Argentina Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
Europe Tire Chemicals Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. Germany
    2. The UK
    3. Italy
    4. France
    5. Spain
    6. Rest of Europe
3. Germany Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
4. The UK Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
5. Italy Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
6. France Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
7. Spain Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
Middle East & Africa Tire Chemicals Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. South Africa
    2. Turkey
    3. Rest of the Middle East & Africa
3. South Africa Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
4. Turkey Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
Asia-Pacific Tire Chemicals Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
  2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of APAC
3. China Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
4. Japan Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
5. India Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
6. South Korea Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
7. Australia Tire Chemicals Market Outlook, 2020-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application Type- Market Size & Forecast 2020-2030, Thousand Tons
    2. By Chemical Type- Market Size & Forecast 2020-2030, Thousand Tons
Global Tire Chemicals Market Key Strategic Imperatives for Success & Growth
Chemical Consumption Per Customer Company Analysis
1. Bridgestone Corporation
2. Michelin
3. The Goodyear Tire and Rubber Company
4. Continental AG
5. Pirelli & C. S.p.A.
6. Sumitomo Rubber Industries, Ltd.
7. Hankook Tire
Competition Outlook
1. Company Profile
  1. Birla Carbon
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Von Bunditt Company Ltd.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Cabot Corporation
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Sinochem International
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Evonik Industries AG
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Phillips Carbon Black Limited
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Eastman Chemicals Company
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Sumitomo Chemical Company Limited
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Orion Engineered Carbon S.A
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Lanxess AG
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. BASF
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Solvay SA/NV
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. ExxonMobil Corporation
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Emery OleoChemicals
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Arkema Chemicals Pvt. Ltd.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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